Capital Management Associates NY Sells 6,628 Shares of Apollo Global Management Inc. (NYSE:APO)

Capital Management Associates NY decreased its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 35.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,000 shares of the financial services provider's stock after selling 6,628 shares during the period. Apollo Global Management accounts for 3.2% of Capital Management Associates NY's investment portfolio, making the stock its 13th biggest holding. Capital Management Associates NY's holdings in Apollo Global Management were worth $1,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APO. Geode Capital Management LLC raised its position in shares of Apollo Global Management by 64.6% during the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock valued at $1,550,316,000 after buying an additional 3,695,979 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Apollo Global Management by 36.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock valued at $1,065,615,000 after acquiring an additional 1,739,807 shares during the period. Northern Trust Corp increased its stake in Apollo Global Management by 50.0% in the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock valued at $723,853,000 after acquiring an additional 1,460,689 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Apollo Global Management by 245.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock worth $438,196,000 after buying an additional 1,886,146 shares during the last quarter. Finally, Allen Investment Management LLC grew its stake in Apollo Global Management by 14.4% during the first quarter. Allen Investment Management LLC now owns 2,641,043 shares of the financial services provider's stock worth $361,664,000 after buying an additional 333,428 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APO. UBS Group decreased their price objective on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Wells Fargo & Company lifted their price target on Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Bank of America lifted their price target on Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 4th. Citigroup lifted their price target on Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, Morgan Stanley decreased their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $161.00.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the transaction, the chief financial officer directly owned 373,164 shares in the company, valued at $49,470,351.48. The trade was a 1.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.20% of the stock is owned by corporate insiders.

Apollo Global Management Stock Down 4.8%

APO stock traded down $7.02 during midday trading on Friday, hitting $138.30. The company's stock had a trading volume of 4,587,463 shares, compared to its average volume of 3,614,874. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36. Apollo Global Management Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company's fifty day moving average price is $140.48 and its 200 day moving average price is $142.54. The stock has a market capitalization of $79.04 billion, a P/E ratio of 24.22, a PEG ratio of 1.64 and a beta of 1.59.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.02). The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The firm's quarterly revenue was down 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.72 earnings per share. As a group, equities research analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.